1. What is GST Implementation road map in FACT ERP.NG.

We have completed 3 releases related to GST till date. As and when the GSTN, the government body managing GST implementation in India finalises terms related to GST, it is released as a web update. Till date 3 phases have been released:

GST Release Phase 1 : We have already released the first phase of GST implementation in our Version 5.0.36 on 27 April 2017 and following module have been covered

  • GST State – select the State of your Customer / Vendor
  • GSTIN – GST Identification Number of the Customer / Vendor
  • Customer Category – Select the category type of Customer / Vendor
  • GSTIN – GST Identification Number of the Company
  • CIN – Corporate Identification Number of the Company
  • GST HSN Code – A new tab for GST where you can select the predefined applicable HSN Code for the Product. For the Products which are having transactions, the selection of the HSN Code can be done first time only.
  • GST HSN Description – A new tab for GST where you can view description of the above selected HSN Code as available with the GSTN authority will be displayed here.

GST Release Phase 2 : We have released the second phase of GST implementation in our Version 5.0.37 on 15 May 2017 and following module have been covered

  • “SAC Code” and “GST SAC Description” two new fields are introduced in the GST Details tab

GST Release Phase 3 : We have released the third phase of GST implementation in our Version 5.0.38 on 01 June 2017 and following module have been covered

  • Now selection of State has been made available for all the Cash Sale / Purchase Invoice documents which will be done on or after 01 July 2017

GST Release Phase 4 : Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

2. Whether GST test run will be available to customers before the date of implementation by Government
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3. What is the Preparedness in implementing GST on FACT ERP.NG
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4. Invoice Format both for materials & services in GST. Will it be readily available in the standard design.
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5. Assurance in respect of GST part in FACT ERP.NG package
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6. How GST Implementation will take place in FACT ERP.NG , through Webupdate or any training & implementation is required.
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7. How to design stationery under new GST rules
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8. Need GSTN number update for vendor / customer through excel import
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9. Is FACT GST SUVIDHA PROVIDERS (GSP) or APPLICATION SERVICE PROVIDER (ASP). And whether FACT ERP.NG will generate data directly to be filed on portal, i.e. whether from that data GST return can be filed directly on portal.
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10. Whether FACT will provide full support regarding compliance upto ASP and GSP or ASP or GSP.
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11. Can GST returns be upload to GST portal directly from FACT ERP.NG.
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12. If we maintain separate companies in FACT but have one GSTIN number, then can a consolidated return under GSTIN be filed from FACT ERP.NG.
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13. Updation of bulk existing Master Vendor List as per the GST details
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14. Connector of FACT ERP with ASP software
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15. Invoice format as per GST
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16. GST Auto calculation testing
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17. User Application testing/ sample testing
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18. Draft format of sale invoice required by us asap with following

  • Date
  • Voucher/MRN No.
  • Party’s Name
  • Party’s GST NO.
  • Party’s Inv. No.
  • Party’s Inv. Date
  • HSN/SAC No.
  • GST Amount (CGST/HGST/IGST) – Debit & Credit side both

19. Requirements as per GST

  • Updation of bulk existing Master Vendor List as per the GST details
  • Connector of FACT ERP with ASP software
  • Invoice format as per GST
  • Authorized Process (Digital Signatory) to be mapped under FACT
  • Product code updation / Creation
  • GST Auto calculation testing
  • User Application testing/ sample testing

20. Tax on Advances, so we want record of advances in the sale and purchase invoice and also their adjustment through respective invoices
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21. Digital signature in invoices
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22. Modify invoices amended into REVISED in their printouts.
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